Keller Williams Realty Sonoran Living - Husband & Wife Home Team
Keller Williams International, National Market Perspective

MARICOPA COUNTY HOUSING MARKET
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Maricopa County Data Analysis

Hello, prospective buyers and sellers! Let’s dive into the exciting world of real estate metrics and explore the correlations between some key factors that can help you make informed decisions in the market.

First up, we have the Months Supply of Inventory, which currently stands at 4.69. This metric tells us how long it would take for all the current listings to sell at the current pace of sales. A lower number indicates a seller’s market, where demand exceeds supply, while a higher number suggests a buyer’s market.

Next, we have the 12-Month Change in Months of Inventory, which has increased by a significant 62.85%. This indicates a shift in the market dynamics towards a more balanced or even a buyer-friendly environment, as inventory levels have risen over the past year.

The Median Days Homes are On the Market is 58, which gives us an idea of how long it takes, on average, for a home to sell. A lower number suggests a faster-moving market, while a higher number may indicate homes are sitting on the market longer.

The List to Sold Price Percentage is 98.1%, which means that, on average, homes are selling very close to their listing price. This is a positive indication for sellers, as it signifies strong demand and competitive pricing in the market.

Lastly, the Median Sold Price is $510,995, giving us a benchmark for the typical price of homes that are selling in the current market. This can help both buyers and sellers understand the price trends and make informed decisions about their transactions.

In summary, the data shows a market with moderate inventory levels, a slight increase in supply over the past year, homes selling relatively quickly, close to their listing price, and at a median price of $510,995. Buyers may find more options to choose from, while sellers can still benefit from a competitive market with strong demand. Keep these metrics in mind as you navigate the real estate landscape and make the most of your buying or selling experience. Happy house hunting!

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